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☆ The CEO of Unilever won't get a pay increase for 2 years after a backlash from shareholders
▼ + stars: | 2023-10-31 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Unilever CEO Hein Schumacher will have his pay frozen until 2026.will have his pay frozen until 2026. AdvertisementAdvertisementThe CEO of Unilever won't be able to get a pay rise until 2026 amid shareholder frustration, Bloomberg reported. The board's proposed pay package was rejected by shareholders at Unilever's annual general meeting in May, per Bloomberg. That's a nearly 20% increase on the fixed pay of the previous CEO, Alan Jope, from whom Schumacher took over in July. It means Schumacher won't be eligible for a pay increase in 2024 or 2025, and his fixed pay level will be reviewed by a compensation committee in 2026.

Persons: Hein Schumacher, Schumacher, —, That's, Alan Jope, Jope, Nelson Peltz, Terry Smith Organizations: Unilever, Service, Bloomberg, Reuters, Telegraph

☆ Steve Ballmer, who started as Bill Gates’ assistant, is the 5th-richest person in the world
▼ + stars: | 2023-10-31 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

New York CNN —Bill Gates’ former assistant at Microsoft is now the fifth-richest person in the world, per Bloomberg’s tally, and only one spot behind Gates on the real-time list of the world’s richest people. This figure is only some $5 billion shy of Gates’ estimated net worth of $122 billion. Ahead of Ballmer are only Elon Musk, Bernard Arnault, Jeff Bezos and Bill Gates. And rounding out the top 10 behind Ballmer are Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg and Sergey Brin. While Gates dropped out to start Microsoft, Ballmer graduated in 1977 with degrees in applied mathematics and economics.

Persons: Bill Gates ’, Gates, Steve Ballmer, Elon Musk, Bernard Arnault, Jeff Bezos, Bill Gates, Ballmer, Larry Ellison, Warren Buffet, Larry Page, Mark Zuckerberg, Sergey Brin, CNN Ballmer Organizations: New, New York CNN, Microsoft, CNN, Harvard University, Los Angeles Clippers, Bloomberg, Ballmer Locations: New York

☆ Elon Musk wants users' 'entire financial life' on X by the end of 2024
▼ + stars: | 2023-10-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

X owner Elon Musk expects the platform to roll out financial features by end-2024, The Verge reported. AdvertisementAdvertisementElon Musk expects X to roll out financial features by the end of next year, The Verge reported on Friday. During the all-hands call, Musk said he wants "someone's entire financial life" on the platform so people wouldn't need a bank account. It'll be on our platform — money or securities or whatever," he said. AdvertisementAdvertisementMusk's projected timeline for X to roll out financial services comes a year after Musk acquired Twitter for $44 billion.

Persons: Elon Musk, Musk's, —, Elon, X, Twitter —, Musk, It'll, Bloomberg —, Kali Hays, WeChat Organizations: Service, Twitter, Bloomberg Locations: China

☆ Google cofounder Sergey Brin's secretive 'air yachts' have been approved for flight
▼ + stars: | 2023-10-27 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Sergey Brin's airship company LTA Research recently received flight clearance for its vessel Pathfinder 1. Brin launched the company in 2016 and plans to use his airships to deliver humanitarian aid. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementGoogle cofounder Sergey Brin's secretive airship is ready to take flight. LTA Research, Brin's company that aims to deliver humanitarian aid through "lighter than air" blimp-like vehicles, announced this week that its Pathfinder 1 vessel received its airworthiness certificate.

Persons: Sergey Brin's, Brin, —, Sergey, Alan Weston, Weston —, — Weston, Ruben Sprich, It's Organizations: LTA Research, Pathfinder, Service, LTA, Moffett, NASA, Google, Goodyear, IEEE Spectrum, Financial Times, Boeing, Bloomberg, Weston, FAA Locations: airspaces, Bay, Palo, Akron , Ohio

☆ The Kremlin says Russia isn't scared of more sanctions because it's so used to them
▼ + stars: | 2023-10-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Russia has adapted to living with sanctions, Kremlin spokesperson Dmitry Peskov told the press, per TASS. Peskov said Russia has been living with sanctions for decades and isn't afraid of more restrictions. AdvertisementAdvertisementIt's been 20 months since the West and its allies started slapping a barrage of sanctions against Russia for invading Ukraine — but the Kremlin doesn't seem too shaken up about the restrictions. AdvertisementAdvertisementBeyond regular businesses, the Kremlin's wartime spending has been a key contributor to Russia's economy — and that spending is driving an economic boom. While Russia's economy appears to be chugging along, the International Monetary Fund, or IMF, is muted about the country's prospects.

Persons: Dmitry Peskov, Peskov, —, Vladimir Putin's, Alfred Kammer Organizations: IMF, Service, European Union, Bloomberg, International Monetary Fund Locations: Russia, Moscow, Ukraine, Soviet Union, Crimea

☆ FTX is considering 3 bids to restart the crypto exchange, report says
▼ + stars: | 2023-10-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

FTX is considering proposals from three bidders to relaunch the crypto exchange, Bloomberg reported. AdvertisementAdvertisementFTX, which dramatically imploded last November, is considering three bids to restart the crypto exchange, Bloomberg reported. Bloomberg reported that Cofsky told the judge that the options include selling the entire exchange, bringing in a partner to help restart it, or that FTX could relaunch the exchange itself. The legal team added that the crypto exchange had so far recovered $7.3 billion. AdvertisementAdvertisementSelling or relaunching FTX could be key to reimbursing customers who lost money after it shut down last year.

Persons: —, Kevin Cofsky, FTX, Cofsky, John Ray III, CoinTelegraph, Sam Bankman, Nishad Singh, Caroline Ellison, Gary Wang Organizations: Bloomberg, Service Locations: Delaware

☆ Forget Tesla – this $13,000 tiny car is Japan's best-selling EV
▼ + stars: | 2023-10-24 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

The $13,000 "Kei car" has left rivals such as Tesla in the dust. Mini "Kei trucks" are taking off in the US, with some being sold for as little as $5,000. AdvertisementAdvertisementTesla may dominate the global EV market — but for drivers in Japan, a $13,000 tiny car is proving a better investment. Their cousins, Kei trucks, have become increasingly in demand in the US in recent years. Kei trucks such as the Daihatsu Hijet have become increasingly popular in the US.

Persons: —, minicar, Sakura, Nissan Sakura, Elon, Kei, Warren, TORU YAMANAKA, Suzuki Organizations: Bloomberg, Service, Nissan, Mitsubishi, Tesla, Daihatsu, EV Locations: Japan, America

☆ Apple's been relatively quiet about AI — but it's been pouring billions into research, and that could mean a 'smarter' Siri
▼ + stars: | 2023-10-23 | by ( Sebastian Cahill | Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Since the AI boom began, Apple has been quieter about incorporating the new technology than its peers. To catch up, the company is planning updates to Siri that incorporate AI. His employees are reworking a "smarter " Siri that uses them, per Bloomberg. AdvertisementAdvertisementBut Apple's lag doesn't mean they haven't been thinking of AI before this year: "We've been doing research across a wide range of AI technologies, including generative AI, for years," Cook told Reuters in August. AdvertisementAdvertisementAnd to be sure, while Apple's AI push may have been muted, it is predominantly a hardware company.

Persons: Siri, —, John Giannandrea, Craig Federighi —, Per Forbes, hasn't, Apple, it's, Tim Cook, We've, Cook Organizations: Apple, Bloomberg, Service, Meta, Microsoft, Google, Worldwide, Reuters, Ajax —, Ajax

☆ China's led the EV race – but it may be running out of charge
▼ + stars: | 2023-10-22 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementThere's been a clear winner in the global EV race so far: China. Ford CEO Jim Farley announcing its Michigan EV battery plant in February. Bill Pugliano/Getty ImagesConcern about using Chinese battery technology reflects wider global concern about China's domination of the EV battery market, with governments starting to block Chinese investment into mines and factories. AdvertisementAdvertisementAustralia is the world's biggest producer of lithium, a key material for EV batteries, and a major producer of other rare earths. AdvertisementAdvertisementChina may have led the world in the EV race – but those days could well be numbered.

Persons: —, Bill Russo, Chrysler's, CATL, Ariel Cohen, there's, Shawn Fain, Ford, Jim Farley, Bill Pugliano, Jim Chalmers, Cohen, Morgan Stanley, Mazzocco, Bernstein, he's, Biden, it's, Ursula von der, Donald Trump Organizations: EV, European Union, Service, Economic, Financial, Ford, Council's Eurasia Center, of Foreign Relations, UAW, Reuters, Michigan EV, Minerals, Publishing, Center for Strategic, International Studies, South, Japan's Panasonic, European, Benz, Bloomberg, White Locations: China, America, Europe, South Korea, Michigan, Australia, India, Nanjing, Washington ,, Hungary

☆ Elon Musk's fortune plunged by $16 billion in a single day - but he could lose a lot more and still be the richest person in the world
▼ + stars: | 2023-10-20 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

Tesla stock tumbled 9% on Thursday after the EV maker reported disappointing third-quarter earnings. The share-price decline meant Elon Musk's net worth fell by $16 billion in a single day. However, Musk remains the world's richest person with an estimated $210 billion fortune. Even so, Musk remains the richest person in the world with an estimated net worth of $210 billion. On Wednesday, Tesla reported third-quarter revenues of $23.35 billion, missing Wall Street expectations of $24.06 billion.

Persons: Elon, Musk, —, Elon Musk, Bernard Arnault, Arnault, Jeff Bezos, Bezos, Tesla Organizations: Service, Bloomberg, Big Tech

☆ 'Wolf in cashmere' Bernard Arnault loses his slot as the world's 2nd-richest man to Jeff Bezos as LVMH stock slips
▼ + stars: | 2023-10-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Jeff Bezos overtook LVMH tycoon Bernard Arnault as the world's second-richest man, per Bloomberg. AdvertisementAdvertisementLVMH founder Bernard Arnault is no longer the world's second-richest person, with his total wealth falling below Jeff Bezos' net worth amid signs of a slowdown in demand for luxury goods. In contrast, Bezos' fortune has ballooned by $49 billion to $156 billion, putting him just ahead of Arnault's $155 billion on Bloomberg's rich list. AdvertisementAdvertisementBoth Bezos and Arnault have previously held the title of the world's richest person, but they currently trail Elon Musk. The controversial X owner's personal fortune has swelled by $97 billion to $234 billion this year, thanks to Tesla's stock price surging by over 100%.

Persons: Jeff Bezos, Bernard Arnault, —, Louis Vuitton, Hennessy —, Bezos Organizations: Bloomberg, Service, Federal, Elon

☆ Netflix is planning 'houses' where fans can get closer to their favorite shows
▼ + stars: | 2023-10-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Netflix is planning to open two permanent locations in the US by 2025. Fans will be able to eat, drink, and shop at stores based on its most popular shows, Bloomberg reported. Two "Netflix House" venues are in the works for the US with others to follow, its consumer products chief, Josh Simon, told Bloomberg. Netflix Houses will be a mix of entertainment and retail experiences, where customers can eat, drink, and buy merchandise. Further details about the locations of Netflix Houses are yet to be announced.

Persons: —, Josh Simon, we've, Simon, Ilya S, he's, It's Organizations: Netflix, Bloomberg, Service, Disney, NBC Universal, NPR, Las Vegas Locations: New York, Las

☆ Some Google employees are questioning the decision to pour resources into ChatGPT rival Bard, messages show
▼ + stars: | 2023-10-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

In an invitation-only Discord chat, Googlers have been discussing the bot. First announced in February, Google's Bard chatbot is one of the company's flagship generative AI products. The launch of OpenAI's ChatGPT months earlier reportedly put the company on high alert and led to resources being poured into generative AI projects. Google's Bard, for example, falsely said there was a ceasefire between Gaza and Israel despite the recent violent escalation between the two nations. This is also not the first time Googlers have raised doubts about Google's generative AI push.

Persons: Bard, Google's Bard chatbot, OpenAI's, —, Bard ., I'm, Cathy Pearl, Dominik Rabiej, Google's Bard, we've, Googlers, it's Organizations: Bloomberg, Service, Google Locations: Gaza, Israel

☆ Jeff Bezos just added yet another property to his 'Billionaire Bunker' collection after snapping up a 7-bedroom mansion for $79 million: report
▼ + stars: | 2023-10-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Amazon founder Jeff Bezos just bought a $79 million mansion in Indian Creek, Florida, per Bloomberg. Indian Creek is a village on a small private island in Miami's Biscayne Bay known as "Billionaire Bunker." AdvertisementAdvertisementAmazon founder Jeff Bezos has added another lavish mansion to his property portfolio. The waterfront property was listed for $85 million in May and last sold for $28 million in 2014. Indian Creek, where Bezos' new property purchase is located, is a village on a small private island in Miami's Biscayne Bay.

Persons: Jeff Bezos, —, Dina Goldentayer, Danilo Tavares, Douglas Elliman, Tavares, Bezos, Insider's Sarah Jackson, Jordan Hart, Insider's Hannah Towey, Carl Icahn, Jared Kushner, Ivanka Trump Organizations: Bloomberg, Service, Bezos, Zillow Locations: Indian Creek , Florida, Biscayne, Goldentayer, Beverly, Texas, Medina , Washington

☆ China's property crisis just keeps getting worse — property giant Country Garden just warned it may default on its debt
▼ + stars: | 2023-10-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's Country Garden warned on Tuesday it could default on its offshore debt payments. Country Garden is the latest high-profile Chinese real-estate giant ensnared in a liquidity crunch. On Tuesday, embattled property giant Country Garden signaled that it may be facing its first default ever, in a filing to the Hong Kong Stock Exchange. However, Country Garden has around 3,000 unfinished projects — which is around four times that of Evergrande's 800 projects that are still being built. Country Garden shares were down 9.5% at 76 Hong Kong cents at 3.34 p.m. local time.

Persons: —, Evergrande —, it's, Houlihan Lokey, Sidley Austin Organizations: HK, Service, Hong Kong Stock Exchange, Hong, Bloomberg, China International Capital Corporation, Garden Locations: Hong Kong, China

☆ Elon Musk's X could introduce 3 different tiers of premium service for users: Bloomberg
▼ + stars: | 2023-10-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

X, previously known as Twitter, plans to trial three premium service tiers for users, per Bloomberg. Elon Musk previously said that X could roll out a paywall to all its users. AdvertisementAdvertisementElon Musk's X could roll out three tiers of premium service for users, Bloomberg reported on Thursday, citing information from a person who attended the company's briefing call with debt holders on the same day. The individual told Bloomberg that X, formerly known as Twitter, is planning to trial three different premium tiers — Basic, Standard, and Plus. Last month, Elon Musk told Israel's prime minister, Benjamin Netanyahu, during a livestream that X might roll out a paywall for all its users.

Persons: Elon Musk, —, Elon Musk's, Benjamin Netanyahu, Musk, Netanyahu Organizations: Bloomberg, Service, X

☆ FTX cofounder Gary Wang is set to testify against his childhood friend Sam Bankman-Fried. Here's what we know.
▼ + stars: | 2023-10-03 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

FTX cofounder Gary Wang was a critical player during the rise and fall of SBF's crypto empire . AdvertisementAdvertisementWhen Bankman-Fried cofounded Alameda Research in 2017, Wang reportedly left his role at Google. The tight group of executives reportedly included Wang, Bankman-Fried, Caroline Ellison, who was formerly Alameda's CEO, and Nishad Singh, FTX's former director of engineering. But at FTX, Wang was a somewhat reclusive figure, per reports. "All of the sudden that snapped into he was leaving that day, back to the US and implicitly mostly stopped working," Bankman-Fried told the news outlet.

Persons: Gary Wang, Wang, Sam Bankman, —, Bankman, MIT Wang, Wang's, Cherry Hill, Hector, Fried, Caroline Ellison, Nishad Singh, FTX's, Nishad, Gary, Singh, FTX, Ellison, Damian Williams, Ilan Graff, Sundar Organizations: Service, MIT, Bloomberg, Eastside, Epsilon Theta, Google, Forbes, Alameda Research, Court, District of, Sydney Morning Herald, Street Journal, Southern, of New York, Securities and Exchange Commission Locations: Oregon, Cherry Hill, New Jersey, China, Bahamas, Alameda, District of Delaware, FTX

☆ Ukraine aid left out of the shutdown funding package as MAGA wing moves GOP toward a more isolationist stance
▼ + stars: | 2023-10-01 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

A new US bill to prevent a government shutdown omits further aid for Ukraine. Ukraine's President Zelenskyy told US politicans, "If we don't get aid, we will lose the war." AdvertisementAdvertisementUS Congress passed a bill to fund government services temporarily but suspended aid to Ukraine, The Associated Press reported. The funding was later approved, but Ukraine aid opponents are growing in numbers. Yesterday, Joe Biden urged Congress to continue aid provisions to Ukraine, Sky News reports.

Persons: Zelenskyy, —, forestalling, Mitch McConnell, Marienko Andrew, Volodymyr Zelenskyy, Joe Biden, Chuck Schumer, J.D, Vance, Donald Trump, Vladimir Putin, JORGE SILVA, Marjorie Taylor Greene, MAGA, baselessly, Trump, Vladimir Putin's, Biden Organizations: Ukraine, US, Service, Associated Press, Republican Party, Trump MAGA, White House, Eastern, Bloomberg, Republicans, Trump, Economic Cooperation, Getty, Times, Georgia Rep, Republican, Sky News, Sky Locations: Ukraine, China, Kharkiv, America, Asia, Danang, Russia

☆ Authorities are investigating LVMH billionaire Bernard Arnault in potential money laundering probe
▼ + stars: | 2023-09-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Officials alleged that Arnault paid Sarkisov about €20 million to own the assets. AdvertisementAdvertisementThe Paris public prosecutor's office said Friday that it is investigating billionaire LVMH CEO Bernard Arnault's dealings with Russian businessman Nikolai Sarkisov, according to multiple media reports. French daily newspaper Le Monde reported that officials are looking specifically into real estate transactions between the two individuals in the ski resort of Courchevel. In 2018, Le Monde said, Sarkisov purchased multiple properties in Courchevel using intermediary companies. Investigators told Le Monde that the transactions look like they masked the origin of the funds, and who the ultimate buyer actually was.

Persons: Bernard Arnault's, Nikolai Sarkisov, Arnault, —, Prosecutors, Le Monde, Sarkisov, Le, Le Monde's, Elon Musk, it's Organizations: Officials, Service, Le Monde, Bloomberg Locations: Russian, Courchevel, Paris

☆ Elon Musk's X is being used as a key 'weapon of mass manipulation' for Russian disinformation, the EU says, and warns it is 'watching' the social network
▼ + stars: | 2023-09-27 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

An EU report found X has the highest proportion of Russian disinformation of any major social network. AdvertisementAdvertisementThe EU has warned that X, the social media company owned by Elon Musk, must clamp down on disinformation, after a study found that Russian propaganda was proliferating on the site. A report from the European Commission found that X, formerly Twitter, had the highest proportion of Russian disinformation of any of the major social media platforms, as Musk continues to overhaul the social network's anti-disinformation policies. The report examined 6,000 posts from Spain, Slovakia, and Poland made across a number of social media platforms. Posting on X, the company's Global Government Affairs team said that X was committed to complying with the Digital Services Act.

Persons: —, Elon Musk, Musk, Vera Jourova, Mr Musk, Jourova, X Organizations: Service, Elon, Commission, Twitter, Bloomberg, European, BBC, EU, Google, Meta, Microsoft, Digital Services, company's Global Government Affairs Locations: EU, Spain, Slovakia, Poland, Ukraine

☆ Instacart founder Apoorva Mehta says his 'empty fridge' was the inspiration for the delivery startup
▼ + stars: | 2023-09-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Instacart founder's empty fridge was the "lightbulb moment" for coming up with the idea for the delivery startup, he said. Apoorva Mehta walked away with over $1.1 billion in net worth after the delivery startup's IPO on Wednesday. AdvertisementAdvertisementMehta walked away with a fortune of over $1.1 billion after his delivery startup's IPO on Tuesday. Before starting the company, Mehta quit his job at Amazon in 2010 and moved to San Francisco to become an entrepreneur. During the early stages of Instacart, Mehta also said he missed the application deadline for the startup accelerator YCombinator by over two months.

Persons: Apoorva Mehta, Instacart, Mehta, Fidji Simo, — Aswath, NYU's Stern School of Business —, Damodaran Organizations: Service, Meta, Bloomberg, SEC, NYU's Stern School of Business, Amazon, CNBC Locations: Wall, Silicon, San Francisco, Friday's

☆ Tinder thinks some people will pay almost $500 a month for more 'efficient ways to find connections' with its 'VIP' plan
▼ + stars: | 2023-09-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

Tinder has unveiled a new subscription option that costs nearly $500 a month. The subscription will allow users to access certain features like exclusive messaging services. Tinder Select has only been offered to 1% of users, per the company's website. Tinder Select is a "VIP" service that's only on offer to about 1% of the dating app's most active users, the company says on its website. Tinder offers three other paid subscription tiers: Tinder+, Tinder Gold, and Tinder Platinum, with prices starting from $24.99 a month, per Bloomberg.

Persons: Tinder, Skip, Mark Van Ryswyk Organizations: Service, Bloomberg, Match.com Locations: Wall, Silicon

☆ Frozen Russian assets should be taxed to fund Ukraine's rebuild, Treasury Secretary Janet Yellen says
▼ + stars: | 2023-09-22 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Janet Yellen signaled her support for a plan to tax profits made on frozen Russian assets this week, according to Bloomberg. Any money made would be used to help fund the reconstruction of Ukraine. The trading bloc's leaders want to levy any profits made on state-backed investments, and then use the money raised to help fund the rebuild of Ukraine. "This seems like a reasonable proposal," Yellen told the outlet. The money raised could be use to help fund the reconstruction of Ukraine.

Persons: Janet Yellen, ”, Yellen, Christine Lagarde Organizations: Bloomberg, Service, European Union, EU, Bank of Russia, European Commission, World Bank, United Nations, European Central Bank Locations: Ukraine, Wall, Silicon, Kremlin, Moscow's, France, Germany

☆ Salesforce gave former employees stuffed toys wearing boomerang shirts as the company seeks to bring back ex-staff amid a hiring drive
▼ + stars: | 2023-09-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Salesforce held an alumni event last week with 50 former executives who were gifted with stuffed animals. The company is encouraging former executives to "boomerang" amid a hiring drive. Salesforce recently announced plans to hire 3,000 people despite brutal layoffs earlier this year. Kelman, who left the company in 2011 for leadership stints at the likes of Amazon Web Services and Oracle, said it was "good timing," and rejoined as president and chief marketing officer. Salesforce said it is hiring 3,300 employees across sales, engineering, and its data cloud product teams to help grow its artificial intelligence business last week, per Bloomberg.

Persons: Salesforce, Marc Benioff, Kendall Collins, he's, Collins, Ariel Kelman, Kelman, Miguel Milano, Celonis, Brian Milham, Katie Kutzer, David Winslow, Craig Shull, Steve Fisher, Dean Robison Organizations: Service, CNBC, Bloomberg, Amazon Web Services, Oracle Locations: Wall, Silicon, San Francisco, Salesforce, Madrid

☆ Hedge fund CEO says staff installed mirrors around the office to stop him from crashing into them while he rode a unicycle
▼ + stars: | 2023-09-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The CEO of hedge fund Renaissance Technologies used to ride a unicycle around the office. Peter Brown said staff once had to install mirrors in the office to stop him crashing into them. The hedge fund boss confirmed the story was true, before adding he no longer rode a unicycle anymore because he crashed and broke it. AdvertisementAdvertisementFounded in 1982, New York-based Renaissance Technologies is widely regarded as one of the world's most successful hedge funds. In the 45-minute podcast interview, Brown discussed some of his other working habits, including the amount of time he spent sleeping in the office and what he looks for in potential employees.

Persons: Peter Brown, Brown, Goldman Sachs, Raj Mahajan, Jim Simons, Bob Mercer, Simons Organizations: Technologies, Service, Goldman, IBM, Bloomberg Locations: Wall, Silicon, New York

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